Schemes and Initiatives
Applicant Eligibility
This track is open to Singapore-based FIs, professional organisations or associations, industry consortiums, and non-FI solution providers/companies.
Project Eligibility
Proposed Infrastructure & Platform projects should have at least one of the following attributes:
- Result in productivity gains or efficiencies to existing workflow and processes in Singapore (or in multiple jurisdictions including Singapore) that results in either significantly greater turnover for existing market segments, horizontal expansion into new customer markets or vertical expansion into new product markets;
- Build technology or infrastructure necessary to develop Singapore as a forward-looking international financial centre;
- Address best practices or international benchmarks to advance Singapore’s competitive and leadership position over other jurisdictions; or
- Address any other industry-wide or national interest, in the area of technology and/or innovation.
Funding Support
- Up to 70% funding support level on qualifying expenses for up to 24 months.
- Qualifying expenses include manpower (base salaries), professional services, hardware/software infrastructure and licences, equipment and IP rights, and external auditor's certification.
How to Apply
Interested parties may engage MAS to discuss their proposed project at fintech_office@mas.gov.sg . Applicants should submit their applications ahead of the intended project commencement to facilitate project discussions and processing.